News Press Stillwater
REALESTATE W e e k ly
December 8, 2017
The percentage of Americans who admit they don’t know their neighbor’s first name, according to a new report.
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49450 S. 35000 Rd.
Featured Homes: 49450 S 35000 Road, Pawnee - A horse lover’s dream place! Three beds, 2 baths, 2-car garage home sitting on ten acres. Barn has four stalls, tack room, washer, dryer, concrete wash area, two custom hitching posts, two animal sheds and storage shed. Kitchen has beautiful cabinets, pantry, patio doors leading to cellar. With no passing traffic privacy is obvious. Property has mobile home site with water, sewer and electric. This home is for family, entertaining guest and making space for horse enjoyment. $250,000
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This home offered by New West Real Estate (405) 377-1213 • 623 W. 6th Ave.
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Stillwater NewsPress • Friday, December 8, 2017
Loan contingency can let buyer cancel proposed sale Savvy buyers always include a detailed financing contingency in their offers that allows them to back out of a sale if they can’t get a satisfactory loan. DEAR MR. MYERS: We agreed to sell our home about a month ago for $210,000. The buyer’s offer was contingent on making a 10 percent down payment of $21,000 and getting a fixed-rate loan at 4.5 percent or less to finance the balance. Now she wants to cancel the sale and get her deposit back because she claims that the lowest rate she can find is 5 percent. However, our own sales agent says he could find the woman a mortgage if she really wants to buy the house. Can we keep the $2,500 good-faith deposit she made if she won’t accept the mortgage that our agent claims he can arrange for her? ANSWER: Probably not. If the buyer has made a reasonable attempt to get a loan at 4.5 percent or less but was turned down by the bank, the financing contingency she included in her offer will likely allow her to nix the proposed sale and have her
So, even if he recently advised would pay to have a homeowner to it fixed today, he junk his broken washing machine likely would have to call out a reand buy a new pairman again in one instead of another year or just repairing it. two and pay lots Don’t you know more money for how many old something else that appliances are would later break filling up our support of the deposit returned. down. There’s no landfills? If your agent can rival Giants. reason to waste ANSWER: Actu*** indeed secure a ally, yes - I do. And money on expensive DEAR MR. loan on the terms repairs if something it’s far fewer than the buyer originally MYERS: What is a you would think. like a washer, stove dictated, you might “UHNWI” house? If you recall, that or refrigerator is ANSWER: It’s a be able to sue her initial letter-writer nearing the end of house that I cerfor breach of conits useful life. said that it would tainly cannot afford cost about $345 to tract if she doesn’t Most major apto buy and that complete the pliances are made repair his 12-yearyou probably can’t, purchase. But in of about 85 percent old washer, in adeither. reality, the money dition to the $70 he metal, so they never “UHNWI” came you’d pay to an ateven make it to a had already spent. torney and the time into the real estate I suggested that he landfill. Instead, lexicon only in the you would waste buy a new one, even they’re stripped of past year. It’s an in court probably their non-recyclathough it would wouldn’t be worth it abbreviation for a ble parts and then likely cost at least - especially because property that can’t melted in giant twice the amount be purchased by the outcome would foundries to manthat fixing the old be far from certain. someone who is not one would, because ufacture new steel It probably would an “Ultra High Net the average life of a products. Less than Worth Individual.” be best to cancel washing machine is 15 percent goes to Definitions vary, the sale, return the the dump, after about 10 years. but my real estate woman’s deposit broker friends in and put the house back on the market. California and New York say that the *** minimum net worth REAL ESTATE needed to be classiTRIVIA: Top “buyer turn-offs” fied as a UHNWI is include pets that $30 million. Even better is to be part aren’t caged or of the “Billionaire’s chained, website Bankrate.com re- Club,” the members of which have ports, as well as at least $1 billion animal-head troworth of real esphies and painttate, stocks, cash or ings or statues other assets. of nudes. Sports *** memorabilia can DEAR MR. send potential Sandy Blankinship Mike Branson Beverly Carter Sandy Blankinship Mike Branson Beverly Carter 405.269.9523 405.612.5347 405.743.9618 buyers fleeing too MYERS: I know 405.269.9523 405.612.5347 405.743.9618 from reading if, say, they are your past real fans of the New estate columns York Jets but the house they’re that you seem to be an eco-friendtouring is filled with pennants or ly guy. So, I was other items show- really disappointVirginia Cussner Oscar Fortune Diana Field Virginia Cussner Oscar Fortune Diana Field ed when you ing the seller’s 405.747.7601 405.747.6042 405.747.4684
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DAVID MYERS
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much of the product’s plastic parts are melted and recycled, too. Washers that have received the U.S. Environmental Protection Agency’s “Energy Star” stamp of approval also use about 25 percent less energy and 45 percent less water than those that were built before 2003. That saves the typical U.S. family about
$210 a year in utility expenses, the EPA says. If all household washing machines purchased in the U.S. were Energy Star-certified, the agency adds, it would cut greenhouse emissions by more than 19 billion pounds each year. That’s the equivalent of taking more than 1.7 million vehicles off the road.
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Tana Rutan Tana Rutan 405.612.1496 405.612.1496
Alane LeGrand Alane LeGrand 405.747.6950 405.747.6950
Judy Kasso Judy Kasso 801.824.8166 801.824.8166
Jeff Grizzle Jeff Grizzle 405.714.4037 405.714.4037
David Heppel David Heppel 405.269.6907 405.269.6907
Rosetta Heppel Rosetta Heppel 405.880.0869 405.880.0869
Are my saved seeds still good? Home Grown KEITH REED place a few seeds on the top. While there is nothing magical about the number of seeds or their placement, most people find it helpful if a specific number are used. Multiples of 10 make it easy to gauge a quick percentage of germination. Cover the seeds with another paper towel and then cover with a lid. The lid should not be airtight, but it is important as it helps to slow water loss out of the paper towels. The seeds don’t need light for this test, since the only goal is to test for viability, not to grow a plant.
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can be helpful to go ahead and remove those that germinate as this can help keep fungal issues to a minimum. Just remember to count the seeds you’ve taken out as viable! If you do have seeds that show a
low germination percentage, that doesn’t mean they can’t be used, you just need to overplant to compensate. For more information on this or any other horticultural topic, you can contact Keith Reed, the
Horticulturist in the Payne County Extension office. Keith can be reached via email at keith.reed@ okstate.edu, phone at 405-747-8320, or in person at the Payne County Extension office, located at 315 W. 6th in Stillwater.
Dolores Lemon CRS, CRB, GRI Broker/Owner 405-747-7822
Tiffany Aranda GRI, CRS Realtor Associate 405-714-1214
www.stw-realestatepros.com
405-372-5151 Downtown Office - 723 S. Main Street
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Donna Rhinehart GRI, CRS Realtor Associate 405-612-0509
Jack Allred Broker Associate 405-747-8647
Jennifer Oliver GRI Realtor Associate 405-612-4984
Lori Kastl CRS Realtor Associate 405-880-2844
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Bringing Buyers & Sellers Together .... Professionally. NEW LISTINGS 1003 N Cimarron Hill - 4 bed 3 bath 2 car garage With a shop!-$355,000-Amy 3200 S. Perry Rd - 20 Acres in Mulhall School District-$60,000-Lori 1622 Fiddlers Hill - LUXURY- SW Area- Over 2500 sq ft-$446,000-Tiffany 5324 W. Country Club Dr - UPDATED 4 bedroom 5 bath 1.5 story with pool $432,000 - Tiffany 926 E. Brooke Ave - VERY WELL KEPT 3 bed 2 bath home - $126,500 - Jack 3 Lots in Lost Creek Meadows over 1 acre each - $19,500 or below - Lori 780735 S 3500 Rd - 10 acres Pond & Beautiful 4 bed 2 bath home - 159,000 347368 E 800 Rd - 4 bed 2 bath Home in Agra Schools with 43 acres - $316,000 416 E 60th St - 2 Acres close to Perkins Rd & Downtown Stillwater - $85,000 6102 S Perkins Rd - 1.32 acres with Highway Frontage - $125,000 4904 Oak Crest Rd - COMPLETED NEW CONSTRUCTION 4 bed 2 bath - $269,500 1610 Berkshire Ave - 3 bed 2 bath GREAT AREA - $145,000 - Ann 1204 N. 8th, Perry - 3 bed 2 bath MOVE IN READY - $70,000 - Lori 4509 Jenna Ln - NEW CONSTRUCTION SE AREA - $224,000 - Lori 2101 W. 24th - Corner Lot 3 bed 2 bath - $149,900 - Lori 3521 S. Western - 2.9 acres 5 bed 4 bath walk out basement - $350,000 - Lori 5505 N. Country Club Rd - Nice Home/barn on 40 or 80 acres - $749,000 - Tiffany
PRICE REDUCTION 503 E Chantry - Nice home close to Schools-$159,900 00 S. Fairgrounds Rd - 40 acres with Pond on Paved Roads-$235,000 409 Ridgewood Rd - 5 bed 2.5 bath 2 car garage 2 store on 3 acres - $279,900 - Lori 926 E Brooke - VERY WELL KEPT 3 bed 2 bath home-$126,500-Jack OPEN HOUSE SUNDAY, DECEMBER 10th 1-3pm 926 E Brooke - $126,500 - Jack 1003 N Cimarron hill- $355,000- Amy
Kyle Bottger Realtor Associate 405-612-6724
Melissa Woods GRI Realtor Associate 405-385-2035
Amy Parsons Realtor Associate 405-714-0882
Ann Morgan Realtor Associate 405-614-9600
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for germination and to make sure the paper towels remain moist. Some species will germinate quickly and at approximately the same time and some will not. For those that tend to germinate one or two at a time, it
Stillwater NewsPress • Friday, December 8, 2017
The first seed catalogs of the season arrived in the mailbox this week, hopefully, the first of many. If this excites you, chances are pretty good that you may have a collection of old seed around your house. If that is the case, now is a great time to run a simple germination test to see if those old seeds are still viable, or if they need to be discarded. This is a very simple process, requiring little in the way of supplies or a special environment. The idea is to create an environment where the seed can remain moist for several days without being so wet that it rots before it germinates. One easy way to do this is to place a couple of damp paper towels in a glass or plastic container (saucers work well) and
Protecting investments and personal assets Hope for the best, but plan for the worst. There are many things you should do to not only protect your investments, but your personal assets as well. I am not an expert in law, and laws vary state to state. This article is not legal advice, but simply to make you think about legal protections. Talk to a real estate lawyer for full legal advice. First and foremost, always carry adequate insurance on your property. That is the simplest level of protecting your investment. In additional to
sets of the LLC and not you personally. Keeping separate checking accounts is a must too. If your rental income goes directly into your personal acAUSTIN FRUECHTING count, it will make it very hard to distinguish what cash property insurance, your investment properties. A limit- is yours and what carry a personal umbrella insurance ed liability company is the LLC’s. Likely the entire account is exactly what is policy. These are says it is; a compa- would be seized or very inexpensive frozen. Create a ny that limits your annually but can liability. By holding clean and distinct provide a lot of additional coverage in your rental proper- line between your a worst-case scenar- ties in an LLC, you personal assets io such as a lawsuit. create a barrier be- and your business. tween your personal However, even with An easy form of and business assets. an LLC, if it can protecting your personal assets is to If a creditor or law- be shown that you were knowledgeable suit comes against establish a limited your LLC, they can of dangerous issues liability company only go after the as- and neglectful of (LLC) that owns
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the repairs, you can still be found personally liable. An LLC isn’t a get out of jail free card, you still have to maintain the property. On the smaller scale to protect yourself and your investments, make sure you have a sufficient cash reserve to cover major repairs and upkeep on the property. Establish a line of credit for an additional safety net as well. Not being able to afford a new roof or siding when it is needed can cause major issues down the road. Routine maintenance on
your HVAC could prevent having to do a major repair or replacement. Hiring a competent property manager that screens tenants well and stays on top of routine maintenance and inspections also makes a big difference too. Do everything you can from the small stuff to the large legal concerns to make sure you are not putting your investments or your personal assets and family at risk. This article is not to scare you, but just to point out things that should be considered. I
have never needed the legal protection of the LLC or personal umbrella insurance policy, and I hope I never do. But if a situation ever arises that I do need either of those protections, they will be worth their weight in gold. Austin Fruechting retired in seven years by investing in rental properties. To learn more about how you can do the same in ten years or less visit www.goodlifeinten. com For questions or comments email https://goodlifeinten.com
Make holiday memories last with DIY tree decor By Sandi Genovese
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Stillwater NewsPress • Friday, December 8, 2017
Tribune News Service
If Halloween is a tribute to candy and costumes and Thanksgiving is all about food and football, how would you characterize Christmas? You could focus on Christmas cards, holiday parties or gifts, but I am all about the holiday decor. With Thanksgiving in the bag, it’s time to forget about dressing the turkey and think about dressing the tree. Although I have enjoyed many a tasty Christmas meal and lots of cool holiday gifts, none of those mem-
ories stick with me like the joy of decorating the tree. Long after the food is eaten, the clothes are worn out and the toys are broken, the tree ornaments will live on to adorn the tree every holiday season. And the kids are likely to best remember the things they made themselves, so be sure to include some DIY tree decor for the whole family every year. Instead of stringing ordinary Christmas lights on the tree or the mantle, it’s easy to dress them up with three-dimensional cubes cut
from clear plastic. Transparencies (use 8 1/2-by-11-inch size) are available at any office supply store and are perfect to cut into 3-D cubes. Decorate the cubes with clear or vellum stickers before cutting a tiny circle with a small hole punch. Expand the hole with an X cut with scissors to make it easy to poke a white LED light through the opening. When you turn off the house lights and plug in the LED lights, the transformation is stunning. Another tree ornament the kids can help create is
made with 12 to 15 half-inch strips of colored paper and two brads. Simply punch a tiny hole at the ends of each paper strip, stack them into a pile and connect them with a brad at each end. Fan out the strips with your fingers to create colorful, paper or-
naments that look great hanging from the braches of your tree. The real bonus is every year, when you pull out the holiday decorations, you and your kids will enjoy the memories associated with each of the ornaments they created.
NEW LISTING - 1013 E. DELL - 3 bed / 1.5 bath / 2-car garage. Large, fenced yard; close to schools and shopping .......................................................$126,500
2106 WALKING TRAIL - 4 bed / 3.5 bath/ 3-car garage SOLD with storage. Original owner - custom built by Ron Walker........................................................... $580,000 1310 W. 11th - 2 SOLD bed / 1 bath / 1 car garage. ..........$89,900
OPEN HOUSE, SUNDAY, 2-4 P.M.
1104 Pecan Lake Ct. 4 Beds / 3.5 Baths
345,000
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How to grow your own apothecary rose By Maureen Gilmer
monastic libraries. In those dangerous times of intermitAs Rome declined tent warfare, the peasants came to in the wake of exthe local monastery cesses, barbarians for cures made of sacked the city. rose flowers, hips or They destroyed leaves, all inherited the rose gardens Roman remedies. of species brought Many species from around the roses originate in world as medicinal plants. Roman med- Europe, North Africa, the Middle East icine and a love of and Asia Minor, all rose flower scent sent placed them in of which were once under Roman occugreat demand all pation. When they over the city. Sadly those collec- grew the species in tions were lost with close proximity the first time, natural decline, their remnants surviving only hybrids resulted. These would yield in the abandoned a wealth of genetic Roman buildings material that is the that soon became monasteries. Monks foundation of modern rose breeding. kept the plants in Therefore, to find continuous cultivathe true essence of tion so many of the earliest we have are the rose and the descendants of these intense fragrance that so appealed to rescued Old World the Romans, grow roses. an apothecary rose Roman medicinal knowledge was of your own. The apothecary’s also preserved in Tribune News Service
rose, Rosa gallica (Zone 4) is native to the Middle East, first collected and lost by the Romans and rediscovered during the Crusades. Reintroduced by Thibaut le Chansonnier in the 13th century and brought to France from Damascus, Syria, this form known as Rosa gallica ‘Maxima’ is closest to the species apothecary roses of the monastic hospitals. It’s often referred to as Old Red Damask to describe the large semi-double magenta flowers with bright yellow stamens at the center. Species roses have characteristics that make them different from all other roses in the garden. They become large and sprawling with time and natural-
ize easily because they are still relatively wild plants able to survive a changing climate, as they’ve done for millennia. Above all, the species and early hybrids called “old roses” bloom heavily in spring or early summer. The blooms last about a month, offering a large single harvest of petals or whole flowers for making medicine and fragrant crafts. If left to fade, the flowers become fruits that are another important medicinal byproduct of roses. Each fruit is called a hip. Ounce for ounce, it contains more vitamin C than citrus, so the monk’s rose hip cures elicited miraculous recoveries from winter bouts of scurvy. The hips of Rosa gallica are smooth, bright
red and very decorative. They clean easily to separate the flesh from seeds compared to the “moss” roses that have tiny spines all over the fruit. Species are the oldest of the old roses, so they developed a strong resilience to pests and disease as well as weather extremes. This makes an ideal choice for a changing climate. They grow in just about any soil and do best if left on their own roots because Rosa gallica is a 4-foottall suckering rose that spreads widely via side shoots. This characteristic is lost if the R. gallica is grafted. Suckering ensures you get a big, floriferous plant that yields a huge crop year after year when cutting grown. High Country
Roses, highcountryroses.com, has an excellent website that features the best selection of gallicas. They display them in excellent close photos to show the floral differences. Among them is R. gallica ‘Officinalis’ aka ‘Maxima’ and its popular variation, pink and magenta striped petals of R. gallica ‘Versicolor.’ Old roses ship bare root for dormant season planting. If you buy, do
so immediately, as supplies of popular plants run out quickly. If you order R. gallica, make sure you give it full sun in your garden and lots of space, but keep as a distance view. After flowering, a once-blooming rose won’t give you any more color until hips ripen bright red in the fall. Leave them for beauty or go out and harvest for winter teas before the snow flies.
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more time-consuming to clean. If that’s the case, many toilet companies do offer concealed or skirted toilet bowls. A skirted toilet is for the most part a cosmetic upgrade that conceals the trapway of the toilet. These toilet bowls have smooth sides and can be easily wiped down. Bottom line: If you want an easy-to-clean fancy toilet, a skirted one can really help you dress up your bathroom.
623 W. 6th Ave., Stillwater, OK • 377-1213
OPEN HOUSE SUNDAY 2-4 PM
49450 S. 35000 Rd • Pawnee, OK $250,000
A horse lover’s dream place! Three beds, 2 baths, 2-car garage home sitting on ten acres. Barn has four stalls, tack washer, dryer, 703room, Jackson, Perry, OK concrete wash area, two custom hitching posts, two animal sheds and storage shed. Kitchen has beautiful Beautiful Craftsman Home on two lots Perry,no Oklahoma. Built in 1920,privacy this historic cabinets, pantry, patio Style doors leading to located cellar.inWith passing traffic is story home 3 bedrooms, 1.5 baths, sq. ft.sewer of livingand space, unfinished basement obvious.two Property hasfeatures mobile home site with2,484 water, electric. This home is for entertaining space forNEW horse enjoyment. withfamily, pantry and laundry areas,guest centraland HVACmaking and hardwood floors. PRICE $149,900
Personalized Service Personalized Service CALLCALLProfessional Results! ! Professional Results! W O ! N W NO Larry Souders
Larry Souders Realtor Associate Realtor405-780-3265 Associate 405-780-3265
Tommie Eberle
Tommie Eberle Broker/Realtor®, GRI Broker/Realtor®, GRI 405-714-2687 405-714-2687
WICK & ASSOCIATES REALTY 1000 S. Main, Stillwater, OK
WICK & ASSOCIATES REALTY 1000 S. Main, Stillwater, OK
25751 County Rd 110, Perry • $349,000 Beautiful 4 bedroom country home 25750acres. County 12 Rd. 110 • $369,000 on 15 wooded foot cathedral Country living at it’s best, Beautiful 4 Bedroom, 2 Bath, 3123open sq. ft. located on 14.8 Acres ceilings in an concept living/ dining room/kitchen. Large 24x30 heated workshop. Great location 20 minutes from Stillwater on highway frontage. Plenty of privacy. 10807personal Frontier • $450,000 Call today for showing! Gorgeous 5 Bedroom, 4 Bath, 3438 sq. ft., 2 living areas, located on 9.56 Acres
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setts A: When you talk smooth-sided toilet bowls, it usually Q: Dear Ed: My refers to whether or wife and I have not the toilet bowl is been toilet shopping for our master “skirted,” or exposed. Standard toilets bathroom, and have what is called an we’ve noticed that exposed trapway, and some toilets have that basically means smooth sides and you can see the outsome toilets have line of the toilet trap wavy sides with on both sides of the curves. What’s the toilet bowl. difference, and Some homeowners why would you may find the exposed choose one style trap curves on a stantoilet over the other? – Jerry and dard toilet a little less attractive and a little Gail, MassachuBy Ed Del Grande
Stillwater NewsPress • Friday, December 8, 2017
The ins and outs of toilet shopping
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All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status or national origin, or intention to make any such preference, limitation or discrimination.” This newspaper will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
1307 S. Duncan newly carpeted and painted, new tile, 2 bedroom, garage wash/dryer, stove, fridge, gas heat &, window air. $650/mo. 377-2136 or 338-8816 Single Family, in lovely West park edition. in excellent condition. Large lot /w privacy fence. 2-car garage. carpeted, tile floor in kitchen. 4th BR converted to office/sitting area off master BR 1200/month, 5206 W. 2nd Ave. Call 405-612-7300
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412 S. Lowry 2BR/1BA CH/A. Fenced back yard $550/mo. plus deposit Pets OK. 580-252-4590 or 471-4788 after 5pm.
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For Rent: 4 Bedroom, 2 Bath home in executive neighborhood next to Stillwater Country Club. Large fenced yard in Sangre School system. $1450.00 Available January 1. 405-742-6903
Homes ATTENTION! NOW LEASING For Summer / Fall 2018! We also have Units Available For January 1, 2018 as well as for Immediate Move-In! 1, 2, 3, & 4 Bedroom Homes, Apartments, Duplexes in Stillwater And Surrounding Areas. campbellmgmt. com 405-372-9225 ext 0 to Schedule A Viewing!
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Henneberry Properties at Carleton Crossing, now leasing studio apartments, townhouses, two and three bedroom units. Call today 405-372-7395.
Highpoint Apartments walking distance to Boomer Lake. 2 bedroom.1 bath. Open Spacious lay out! Great bedrooms and big closets! Ample parking. $510.00 per month. $300.00 deposit. Call today. Henneberry Properties 405-743-4266
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Henneberry Properties. Studio, One, Two and Three bedroom apartments, Townhouses, Duplexes and Rent Houses. Call today 405-743-4266
Oak Park Village 2903 N. Perkins Rd. 2 bedroom 1 bath apartments only $540.00 per month, $300.00 deposit. Swimming Pool and Laundry on site. Call Henneberry Properties 405-743-4266
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Commercial property available now! 211 S. Main Call for more info. 743-4266
Manufactured Homes
Lot for Rent! Valley Acres Mobile Home Park 2800 West Lakeview $240/month. 2006 or newer and in good condition 405-372-5532
Tax proposal could carry high costs for many homeowners The Nation’s Housing Column
have lived in their house for five of the preceding eight years; for decades the standard has been two out of the preceding five years. For many buyers who own homes for extended periods, this change won’t matter. But for many others it could pose problems, especially for people who transfer jobs in less than five years, and owners forced to sell because of divorce, health or other issues. Mortgage interest, second home deductions. As of this writing, House and Senate confer-
ees had not agreed on whether to cut the home mortgage interest deduction maximum to $500,000 or to eliminate interest write-offs on second homes. Both are only in the House version and would primarily affect upper income owners. So where does all this leave you? It depends on what you own, where you live, what you
earn and what you may want to buy. Overall, the Republicans’ tax changes look like a net plus for corporations and stockholders, but a net negative for people who’ve benefited the most from the tax code’s longtime preferences for homeownership over renting. Ken Harney’s email address is kenharney@earthlink.net. Got Something to Crow About? Send it to: readers@stwnewspress.com for inclusion on Your News Stillwater stwnewspress.com
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6324 Mesa Cr. - $270,000
Beautiful Renovation! Step inside to see the transformed stairway, the magnificent kitchen, the classy dining room, and open living room with corner fireplace. Updated colors and finishes that are sure to please! New soaker tub, tile shower and double vanity are spectacular. Hidden Oaks is a sought after neighborhood west of Stillwater off Range Rd. The neighborhood has larger lots, trees, and a community storm shelter. Very functional floor plan with three large bedrooms, office, and two bathrooms on the first floor; the fourth bedroom is upstairs. Great storage throughout the house. Huge walk-in attic. Over-sized two car garage. See more of this home at www.WeLoveSellingStillwater.com
Fisher Provence, REALTORS® Page Provence, CRS Broker Associate (405) 612-0194
377-1000
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legislation on home values and prices, most studies to date have concluded that federal tax benefits are a component of property values. Strip these away KENNETH R. HARNEY and buyers will not obtain the full traditional financial and local taxes us.” Wie’s wife’s benefits of owner(SALT), purchasemployment locaing a new home in tion and local school ship, and will pay high-tax California quality also are key less for homes. Economists at will be significantly considerations. the National Assomore expensive. Wie and Weber ciation of Realtors “I’ll only be able participated in a estimate that the to afford less,” he national survey tax changes could said - presumably a of 900 prospecwhack 10 percent lower price tag and tive home buyers off average prices smaller space than conducted by real around the country, he and his family estate company with declines steepcould obtain elseRedfin. The surer in states with where. So the Wevey found that 33 higher home costs bers are seriously percent of people and tax burdens, thinking about exwho expect to purlower in areas with panding their home chase within the more moderate search to either the coming 12 months prices and taxes. Reno, Nevada, area, say they would The flip side of all where taxes and consider moving to this, of course, is prices are much a different state if lower and Weber Congress eliminates that if prices do decline, that will has identified good SALT deductions. make purchasing a school opportuniThe Senate and home more affordties, or Seattle. House-passed tax Wie and his wife overhaul bills would able - potentially good news for rentand daughter are cut maximum contemplating a SALT deductions to ers and move-up buyers priced out of similar scenar$10,000 and limit the current marketio - moving from them to property place. Delaware to Penntaxes only. Tax-free capital sylvania. “We’re relOther matters gains exclusion. atively high earnfor owners and Under the legers,” Wie said in an potential buyers to islation, owners email, “so the flat consider: will still be able 3.07 percent PennHome values to “exclude” up to sylvania (income) impact. Though no tax would benefit us independent or aca- $500,000 ($250,000 more than the high- demic studies have for single filers) of gain on their home er property taxes been published sales. But to qualify or (the federal) tax estimating the efchange would hurt fects of the new tax they will need to
Stillwater NewsPress • Friday, December 8, 2017
WASHINGTON -- Whether you already own a home or are thinking of purchasing, the new tax legislation pending before Congress poses serious questions: Am I going to get smacked with punitive new taxes? Will the value of my home decrease because previous real estate tax benefits have been stripped away? Or am I one of the lucky ones, well insulated against big losses? Prospective buyers like Matthew Wie and Joe Weber already have figured some of this out and are taking defensive steps. Weber owns a house and lives with his family in the San Francisco Bay area, and Wie owns a home in Delaware. Both are looking to move and are considering shifting their home searches to locations where they’ll be less exposed to tax increases triggered by the new legislation. Weber told me in an interview that as residents of California, he and his family face a dilemma: If the final federal tax bill slashes deductions of state
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Stillwater NewsPress • Friday, December 8, 2017
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Keller Williams 6. 1104 Pecan Lake Ct. 2-4 .......................................Kasey
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Fisher Provence 1. 12622 S. Kelly Ln. 1-3 PERKINS................... Kearsten 2. 907 West Oaks 1-3........................................ Kim/Sherri 3. 6324 Mesa Cr. 1-3 ...................................................David
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nd St. Husba
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Real Estate Professionals 4. 926 E. Brooke 1-3....................................................... Jack 5. 1003 N. Cimarron Hill 1-3 ...................................... Amy
Ct.
yon
Can
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mil
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